Tuesday, April 26, 2011

Anticipation

We can never know about the days to come
But we think about them anyway
--Carly Simon

FOMC meeting tomorrow. Can't shake the notion that the Fed heads will wax tougher than anticipated. Not because they want to. But because they are feeling increased pressure (from here and abroad) to chart a more reponsible policy course.

I've been wrong as rain on this for the past year, thinking that Uncle Ben would already have blinked by now.

But feels like it's getting cloase to the point of no return...

2 comments:

dgeorge12358 said...

Today's DJIA (+115) is certainly anticipating continuing accommodation.

fordmw said...

For sure. Can't help but wonder about prospects of nasty head fake...